Maybe yes maybe not.. but for this new norm of market.. anything is possible..
See the limit up.. nowadays the limit up is real n possible. Even cheap cpunter also can fly.. nothing impossible now..
Plus, there are more 40% increase in new registration traders i heard.. so traders becomes huge.. they are trying to get some money to put food in the table.. some may battle with their hard living due to current pandemic.. some loose the job n trying to survive here to buy some food for family.
The 4 King of gloves loses 22 billion in market today, Under the frenzied arbitrage of investors, glove stocks fell across the board and will fall again across the board on tomorrow....
Bought nearing the peak level...... at 30 lots just a couple of days without CL at current paper lost of above 50K . What about those who bought in bulk ? Contra kakis if never CL is either compelled to disappear or to mortgage properties if any to offset the excessive losses . Many remisiers with this type of clients is not going to sleep well with the unexpected massive drop that might compelled them to run away if there's insufficient stocks available to cover their losses .
Glove demand will continue to be there. Coronavirus Essential podcast | India may have to wait longer for Russian vaccine; villagers tire of COVID-19 rules as rural cases surge
@menort - Explain why GDP will affect Glove? It for exports anyway. Cannot see any reason it will affect it. Drop or rise now is due to panic selling due to vaccine news and profit taking. Nothing else.
There are many new glove factories to be built and they all need hand formers so Esceramic business must be good. Don't understand why its share price drop the most among other glove counters.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 636 views | 4 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 13599 views | 12 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kuring2
605 posts
Posted by kuring2 > 2020-08-12 20:14 | Report Abuse
Maybe yes maybe not.. but for this new norm of market.. anything is possible..
See the limit up.. nowadays the limit up is real n possible. Even cheap cpunter also can fly.. nothing impossible now..
Plus, there are more 40% increase in new registration traders i heard.. so traders becomes huge.. they are trying to get some money to put food in the table.. some may battle with their hard living due to current pandemic.. some loose the job n trying to survive here to buy some food for family.